Large industrial and commercial gas customers came to thefirst-ever “Natural Gas Summit” in Colorado last week looking to beconvinced that enough gas supply — which is being stretched thinthis summer due to high demand from power generation — exists tomeet their needs. Independent and major producers were more thanhappy to oblige.
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IT Gas Role in Heating-Oil Spikes Debated
Although the rate of service interruptions to industrial andcommercial gas customers on its system during January was thehighest in five years, a Public Service Electric and Gas Co.(PSE&G) official told New Jersey regulators yesterday theimpact of the interruptions on the usage and price of home-heatingoil was “negligible.”
Amerada Hess Buying Statoil Energy Services
Amerada Hess agreed to buy gas and power marketer Statoil EnergyServices Inc. of Alexandria, VA. Statoil serves industrial andcommercial customers, mainly in New York, Pennsylvania, Maryland,Virginia and Washington, D.C.
NE Electric Aggregate Issues RFP
NEChoice LLC announced yesterday that it is seeking electricitysuppliers for its commercial, institutional and municipal customersthrough its National Energy Choice program. National Energy Choice,which currently represents one of the largest aggregated pools inthe Northeast, is seeking bids for 100 MW of electricity. Abidder’s conference will be held on Jan. 6 and responses are due onFriday, Jan. 14.
Industry Briefs
GasKey, a marketer to more than 20,000 residential and smallcommercial customers in Georgia, won the dubious award of being themost complained-about gas supplier in the state last month, theGeorgia Public Service Commission said in a new online report cardpublished earlier this week. GasKey, which recently sold its customersto Georgia Natural Gas Services (GNGS), compiled 45.14 complaints per10,000 customers last month. Second on the list is the now bankruptPeachtree Natural Gas, which received 26.43 complaints per 10,000customers. Shell Energy Services bought Peachtree’s 170,000 customerslast month. The two largest suppliers in the market, GNGS and Scanareceived relatively few complaints, ranking No. 11 and No. 13respectively out of a total of 17 utilities. For more information onthe ranking see the PSC’s web site.
FirstEnergy Adds Volunteer’s Retail Marketing
FirstEnergy Corp. added 30,000 industrial, commercial andresidential customers in the Midwest through an acquisition of theretail natural gas business of Volunteer Energy LLC, a subsidiaryof Williams. The acquisition was filed with the Federal TradeCommission and the Department of Justice and the parties expect toclose later this month. Terms of the deal were not disclosed.
FirstEnergy Adds Volunteer’s Retail Marketing
FirstEnergy Corp. added 30,000 industrial, commercial andresidential customers in the Midwest through an acquisition of theretail natural gas business of Volunteer Energy LLC, a subsidiaryof Williams. The acquisition was filed with the Federal TradeCommission and the Department of Justice and the parties expect toclose later this month. Terms of the deal were not disclosed.
Short-Covering Boosts Futures, Bulls Confidence
Natural gas futures made it three in a row yesterday when acombination of commercial short covering and local buy-stop huntingboosted the contract to its highest level since last week. In doingso, the prompt contract was able to fill in a chart gap createdbetween Friday’s $2.283 low and Monday’s $2.26 high. July finishedat $2.295, up 3.1 on the day.
Two CMS Plants Go On Line in Michigan
Commercial operation began at two CMS Energy gas-firedgenerating plants in Michigan, adding 199 MW of capacity to thestate’s power grid for use this summer. The units, owned by CMSEnergy’s independent power unit, CMS Generation Co., will helpassure electric system reliability during peak demand periods.
Pennsylvania Unbundling Bill Passes Senate
Pennsylvania’s Senate convincingly voiced its support for SB601, a gas deregulation bill for residential and small commercial customers, with a 47-3 vote of approval early last week. The bill is now in the hands of Pennsylvania’s House of Representatives Consumer Affairs committee. If the bill is signed into law, each of Pennsylvania’s LDCs would be required to submit a restructuring plan by Nov. 1.